HSE: EXEL PLC: 2001 OPTION RIGHTS

EXCHANGE NOTICE 166/2005, 21 April 2005  OPTION RIGHTS

EXEL PLC: 2001 OPTION RIGHTS

The subscription ratio and the subscription price of the
2001 option rights of Exel Plc will change due to the
split (1:2) of Exel Plc.

Identifiers for 2001 A and B option right of Exel Plc:

Trading code:                       EXL1VEW101
ISIN code:                          FI0009607675
Ordebook id:                        26019
Subscription ratio:                 1 (EXL1VEW101):
                                    2 EXL1V
Subscription price:                 4,11 EUR/share

Trading code:                       EXL1VEW201
ISIN code:                          FI0009607683
Ordebook id:                        26021
Subscription ratio:                 1 (EXL1VEW201):
                                    2 EXL1V
Subscription price:                 3,86 EUR/share


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance Finland